Stock Market & Financial Investment News

Allegiant Travel reports November traffic "November average base airfare was slightly lower than anticipated and we are now forecasting a slightly weaker fare environment for December also," said Andrew Levy, President of Allegiant Travel Co. "As such we are adjusting our Q4 PRASM downward. However, we are also adjusting our CASM ex fuel guidance downward due to better cost performance than forecast earlier this quarter." Reports November RPMs up 23%; November Load Factor down 4 points to 85.7% from 89.7%; Scheduled revenue per scheduled ASM, or PRASM,down 12.6%.